Brokerages Set Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Price Target at $58.11

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) have earned an average recommendation of “Hold” from the twenty research firms that are currently covering the company, MarketBeat.com reports. Eleven research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $58.1053.

ASO has been the subject of several recent analyst reports. UBS Group reissued a “neutral” rating and set a $52.00 price objective on shares of Academy Sports and Outdoors in a report on Sunday, August 31st. Loop Capital set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Monday, July 21st. Monness Crespi & Hardt began coverage on shares of Academy Sports and Outdoors in a report on Monday, August 4th. They issued a “buy” rating and a $65.00 price target for the company. Barclays began coverage on shares of Academy Sports and Outdoors in a report on Tuesday, September 30th. They issued an “equal weight” rating and a $51.00 price target for the company. Finally, Bank of America decreased their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Wednesday, June 11th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC raised its holdings in shares of Academy Sports and Outdoors by 7.3% during the first quarter. CWM LLC now owns 3,888 shares of the company’s stock valued at $177,000 after buying an additional 266 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in shares of Academy Sports and Outdoors by 1.9% during the first quarter. SummerHaven Investment Management LLC now owns 14,874 shares of the company’s stock worth $678,000 after buying an additional 275 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Academy Sports and Outdoors by 4.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,422 shares of the company’s stock worth $299,000 after buying an additional 283 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Academy Sports and Outdoors by 5.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,631 shares of the company’s stock worth $252,000 after buying an additional 288 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Academy Sports and Outdoors by 25.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company’s stock worth $66,000 after buying an additional 293 shares in the last quarter.

Academy Sports and Outdoors Price Performance

ASO opened at $53.85 on Wednesday. The company has a fifty day simple moving average of $50.94 and a 200 day simple moving average of $46.36. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 1.08 and a beta of 1.28. Academy Sports and Outdoors has a twelve month low of $33.34 and a twelve month high of $61.25. The company has a current ratio of 1.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. Academy Sports and Outdoors’s payout ratio is 9.74%.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.